According to Rosstat’s preliminary forecast, the decrease in Russia’s GDP in the second quarter of 2022 was 4% compared to the same period in 2021. This is one of the following data Federal State Statistics Service.
In the statement made by the ministry, it was said, “The index of physical volume of gross domestic product in the second quarter of 2022, compared to the relevant period of 2021, was 96.0% according to preliminary estimates.”
In the first quarter of 2022, the physical volume index was 103.5% compared to the relevant period in 2021. Rosstat noted that the index of physical volume in the II quarter of 2021, compared to the corresponding period of 2020, according to preliminary estimates, was 110.3%.
A preliminary estimate of RF GDP, as described in the service, is based on operational statistical reporting of large and medium-sized enterprises in the non-financial sector of the economy.
Previously at the Central Bank of the Russian Federation declarationHe said the Russian economy would return to potential growth rates in 2025.
According to the regulator’s baseline scenario, in 2022 and most of 2023, the Russian economy will shrink as it adapts to changing external conditions. In 2025, the economy will return to a potential growth rate of 1.5-2.5%. Also, the baseline scenario assumes inflation will fall to 4% by 2024 and stay close to that level.
Source: Gazeta
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